Chinese President Xi Jinping’s base salary remains a fraction of that of other world leaders even after being handed a 62 percent pay rise, Financial Times reported.
Xi’s new base salary amounts to about US$22,250 a year, after China’s top seven leaders have seen their basic monthly pay rise to 11,385 yuan (US$1,854) from 7,020 yuan, according to the report.
The official China Daily newspaper disclosed the income figures Tuesday, in a rare discussion of official income, FT noted.
Xi, who lords over a country of 1.4 billion people, takes much less compared to his global peers. US President Barack Obama, for instance, is paid US$400,000 a year, apart from a host of allowances.
Russian President Vladimir Putin draws an annual salary of US$1.76 million, while German Chancellor Angela Merkel takes US$290,000.
Prime Minister Lee Hsien Loong of Singapore, a small city-state, draws about US$1.8 million a year even after taking a pay cut from 2012, the report noted.
– Contact us at email@example.com